Deals
Advent Nears $3 Billion-Plus Continuation Fund for Xplor
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Private equity firm Advent is close to finalizing a single-asset continuation vehicle that holds Xplor Technologies, valuing the payments company at $3 billion to $4 billion, according to people familiar with the matter.
The new fund will have Carlyle Group Inc.’s AlpInvest and Coller Capital as its lead investors, the people said, asking not to be identified discussing confidential information. Advent has been working on the continuation fund in the past six months and it will be the first of its kind for the firm, the people said.